DTZ, a global leader in commercial real estate services, announced that Safari Drive Marketing, LLC (ST Residential, LLC) has sold Safari Drive, Phase II, a ±1.85-acre development site that includes four existing commercial units totaling ±7,694 square feet. Safari 159, LLC purchased the site located north of the northeast corner of Scottsdale and Camelback roads for $2.85 million ($35.37 per SF).
DTZ’s Executive Managing Directors David Fogler and Steven Nicoluzakis and Managing Director Don Arones represented ST Residential during the transaction.
“The Safari Drive Phase II development site offered the buyer a premier location at Scottsdale’s most high-profile intersection, with a Scottsdale Road entrance and frontage along the Arizona Canal,” said Nicoluzakis.
Safari 159, LLC indicated they are holding the property as an investment.
